XML 95 R68.htm IDEA: XBRL DOCUMENT v3.24.1
Long-Term Debt (Narrative II) (Details Narrative) - USD ($)
1 Months Ended 2 Months Ended 3 Months Ended 4 Months Ended 5 Months Ended 7 Months Ended 9 Months Ended 12 Months Ended
Feb. 10, 2020
Feb. 26, 2020
Mar. 23, 2023
Apr. 13, 2021
Apr. 30, 2021
May 31, 2021
Jul. 31, 2023
Jul. 31, 2021
Sep. 24, 2019
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Jan. 15, 2021
Line of Credit Facility [Line Items]                          
Proceeds from Lines of Credit                   $ 76,000,000 $ 60,000,000 $ 744,506,000  
Repayments of Debt                   $ (0) $ 276,671,000 $ 152,862,000  
Line of Credit Facility, Interest Rate Description                   1-month Compounded SOFR      
Debt Instrument, Basis Spread on Variable Rate                   0.64%      
$140.0 Million HBOC, CACIB, ESUN, CTBC, Taishin Credit Facility [Member]                          
Line of Credit Facility [Line Items]                          
Issuance date of debt instrument                   July 6, 2021      
Proceeds from Lines of Credit             $ 140,000,000 $ 140,000,000          
Description of Scope                   to finance the acquisition of the Twelve Vessels      
Maturity date                   July 2026      
Balloon payment to be paid                   $ 35,600,000      
Repayments of Debt     $ 2,838,000                    
Line of Credit Facility, Interest Rate Description                   SOFR      
Debt Instrument, Basis Spread on Variable Rate                   3.25%      
Long-Term Debt, Gross                   $ 73,283,000      
$140.0 Million HBOC, CACIB, ESUN, CTBC, Taishin Credit Facility [Member] | First Six Installments [Member]                          
Line of Credit Facility [Line Items]                          
Repayment installments                   6      
Line of Credit Facility, Frequency of Payments                   quarterly      
Line of Credit Facility, Periodic Payment                   $ 8,000,000      
$140.0 Million HBOC, CACIB, ESUN, CTBC, Taishin Credit Facility [Member] | Next Eight Installments [Member]                          
Line of Credit Facility [Line Items]                          
Repayment installments                   8      
Line of Credit Facility, Frequency of Payments                   quarterly      
Line of Credit Facility, Periodic Payment                   $ 5,400,000      
$140.0 Million HBOC, CACIB, ESUN, CTBC, Taishin Credit Facility [Member] | Last Six Installments [Member]                          
Line of Credit Facility [Line Items]                          
Repayment installments                   6      
Line of Credit Facility, Frequency of Payments                   quarterly      
Line of Credit Facility, Periodic Payment                   $ 2,200,000      
$51.7 Million Deutsche Bank AG Credit Facility [Member]                          
Line of Credit Facility [Line Items]                          
Issuance date of debt instrument                   May 6, 2021      
Description of Scope                   in order to refinance one of the three previous tranches of the $180,500 Deutsche, CIT, HCOB, Entrust, Blue Ocean Credit Facility, that had a maturity date on June 30, 2022, of an amount $48,527      
Repayment installments                   20      
Line of Credit Facility, Frequency of Payments                   quarterly      
Line of Credit Facility, Periodic Payment                   $ 1,162,450      
Balloon payment to be paid                   $ 28,421,000      
Line of Credit Facility, Interest Rate Description                   SOFR      
Debt Instrument, Basis Spread on Variable Rate                   3.25%      
Long-Term Debt, Gross                   $ 40,046,000      
Line of Credit Facility, Maximum Borrowing Capacity                   $ 51,670,000      
$64.2 Million Hamburg Commercial Bank AG Credit Facility [Member]                          
Line of Credit Facility [Line Items]                          
Description of Scope                   in order to finance the acquisition of six out of the Seven Vessels      
Line of Credit Facility, Interest Rate Description                   SOFR      
Debt Instrument, Basis Spread on Variable Rate                   3.50%      
Long-Term Debt, Gross                   $ 24,744,000      
Line of Credit Facility, Maximum Borrowing Capacity                         $ 64,200,000
$64.2 Million Hamburg Commercial Bank AG Credit Facility [Member] | Each Tranche [Member]                          
Line of Credit Facility [Line Items]                          
Repayment installments                   16      
Line of Credit Facility, Frequency of Payments                   quarterly      
Line of Credit Facility, Periodic Payment                   $ 668,750      
$64.2 Million Hamburg Commercial Bank AG Credit Facility [Member] | Tranches A, E and F [Member]                          
Line of Credit Facility [Line Items]                          
Proceeds from Lines of Credit         $ 32,100,000                
Maturity date                   April 2025      
$64.2 Million Hamburg Commercial Bank AG Credit Facility [Member] | Tranches B and D [Member]                          
Line of Credit Facility [Line Items]                          
Proceeds from Lines of Credit           $ 21,400,000              
Maturity date                   May 2025      
$64.2 Million Hamburg Commercial Bank AG Credit Facility [Member] | Tranche C [Member]                          
Line of Credit Facility [Line Items]                          
Proceeds from Lines of Credit               $ 10,700,000          
Maturity date                   July 2025      
$51.7 Million CACIB, Bank Sinopac, CTBC Credit Facility [Member]                          
Line of Credit Facility [Line Items]                          
Issuance date of debt instrument                   April 13, 2021      
Proceeds from Lines of Credit       $ 51,700,000                  
Description of Scope                   in order to refinance one of the three previous tranches of the $180,500 Deutsche, CIT, HCOB, Entrust, Blue Ocean Credit Facility, that had a maturity date on June 30, 2022, of an amount $48,648      
Maturity date                   April 2026      
Repayment installments                   20      
Line of Credit Facility, Frequency of Payments                   quarterly      
Line of Credit Facility, Periodic Payment                   $ 1,275,000      
Balloon payment to be paid                   $ 26,200,000      
Line of Credit Facility, Interest Rate Description                   SOFR      
Debt Instrument, Basis Spread on Variable Rate                   2.75%      
Long-Term Debt, Gross                   $ 38,950,000      
$9.0 Million Chailease Credit Facility [Member]                          
Line of Credit Facility [Line Items]                          
Issuance date of debt instrument                   February 26, 2020      
Proceeds from Lines of Credit   $ 9,000,000                      
Description of Scope                   for the refinance of DVB Credit Facility      
Balloon payment to be paid                   $ 1,314,000      
Line of Credit Facility, Interest Rate Description                   SOFR      
Debt Instrument, Basis Spread on Variable Rate                   4.20%      
Long-Term Debt, Gross                   $ 2,608,000      
$9.0 Million Chailease Credit Facility [Member] | 36 Installments [Member]                          
Line of Credit Facility [Line Items]                          
Line of Credit Facility, Frequency of Payments                   monthly      
Line of Credit Facility, Periodic Payment                   $ 156,000      
$9.0 Million Chailease Credit Facility [Member] | 24 Installments [Member]                          
Line of Credit Facility [Line Items]                          
Line of Credit Facility, Frequency of Payments                   monthly      
Line of Credit Facility, Periodic Payment                   $ 86,000      
$268.0 Million Syndicated Senior Secured Credit Facility [Member]                          
Line of Credit Facility [Line Items]                          
Issuance date of debt instrument                   September 19, 2019      
Description of Scope                   in order to refinance existing credit facilities that had a maturity date in December 2020, of an amount $224,310      
Line of Credit Facility, Interest Rate Description                   amended certain covenants in the Company’s favor at an unchanged rate of LIBOR + 3.00%. On July 1, 2022, the interest rate is SOFR plus a margin of 3.00% plus CAS and is payable at each quarter end date      
Long-Term Debt, Gross                   $ 149,200,000      
Number of loan tranches                   2      
$268.0 Million Syndicated Senior Secured Credit Facility [Member] | Tranche A [Member]                          
Line of Credit Facility [Line Items]                          
Proceeds from Lines of Credit                 $ 230,000,000        
Repayment installments                   20      
Line of Credit Facility, Frequency of Payments                   quarterly      
Line of Credit Facility, Periodic Payment                   $ 5,200,000      
Balloon payment to be paid                   $ 126,000,000      
$268.0 Million Syndicated Senior Secured Credit Facility [Member] | Tranche B [Member]                          
Line of Credit Facility [Line Items]                          
Proceeds from Lines of Credit $ 38,000,000                        
Repayment installments                   20      
Line of Credit Facility, Frequency of Payments                   quarterly      
Line of Credit Facility, Periodic Payment                   $ 1,000,000      
Balloon payment to be paid                   $ 18,000,000      
Extended $268.0 Million Syndicated Senior Secured Credit Facility [Member]                          
Line of Credit Facility [Line Items]                          
Issuance date of debt instrument                   January 2022      
Description of Scope                   to refinance its outstanding Syndicated Senior Secured Credit Facility      
Maturity date                   December 2026      
Debt Instrument, Basis Spread on Variable Rate                   3.00%